The program is designed in accordance with requirements from actuarial accreditation bodies in order to meet the needs of students seeking to pursue actuarial careers, or careers in financial mathematics.  Financial mathematics is an independent but related subfield of mathematics. A co-op version of the same program will also be offered, which will have the same academic requirements, but will provide the opportunity for students to participate in two eight-month work terms during the five years of the program. The Honours Actuarial and Financial Mathematics program is envisioned to be a small, interactive program. The program places an emphasis on the skills required for a career in the actuarial field, while providing students with a strong background in mathematics, and opportunities for those who wish to further pursue graduate studies.